Member Info for NetLong

At the end of the day, a big part of Pantheon Resources’ current valuation is tied to the price of oil. If oil were to double in price, surely the valuation of PANR would rise alongside it.

Yes, Pantheon isn’t producing oil yet, but the value of the resources in the ground should still be influenced by what oil is worth. For example, if oil were $20 a barrel, the valuation of PANR would likely be much lower because the potential value of the reserves would be lower too.

So if oil prices rise significantly, wouldn’t you expect PANR’s share price to start reflecting that at some point?